National Accounts: GDP by Expenditure: Constant Prices: Gross Fixed Capital Formation for Austria
Growth rate same period previous year, Annual
NAEXKP04ATA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.12
Year-over-Year Change
-266.54%
Date Range
1/1/1989 - 1/1/2024
Summary
The Growth Rate Same Period Previous Year, Annual metric measures the year-over-year change in economic output. This key indicator helps economists and policymakers assess the overall health and trajectory of the U.S. economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This annual growth rate metric compares the current year's economic activity to the same period in the prior year. It is a widely used indicator for evaluating the pace and direction of the nation's economic expansion or contraction.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Historical Context
Economists and market analysts closely monitor this growth rate metric to inform decisions around fiscal and monetary policy.
Key Facts
- The U.S. economy grew 2.9% in 2022 compared to the prior year.
- Positive growth rates signal an expanding economy, while negative rates indicate a recession.
- This metric is a key input for the Federal Reserve's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Same Period Previous Year, Annual metric measures the year-over-year change in the nation's total economic output or gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This indicator is critically important for assessing the overall health and direction of the U.S. economy. It helps economists, policymakers, and market participants understand the pace of economic expansion or contraction.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Q: How is this trend used in economic policy?
A: Economists and policymakers at institutions like the Federal Reserve closely monitor this growth rate metric to inform decisions around fiscal and monetary policy aimed at promoting stable and sustainable economic expansion.
Q: Are there update delays or limitations?
A: There is typically a several-month delay in the release of this annual growth rate data as it requires comprehensive economic output figures from the prior year.
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Citation
U.S. Bureau of Economic Analysis, Growth rate same period previous year, Annual (NAEXKP04ATA659S), retrieved from FRED.